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Faurecia Selects Engie To Help Reach CO2 Neutrality For Scopes 1 And 2 By 202 - Quick Facts

French automotive parts manufacturer Faurecia (FURCY.PK) on Tuesday selected French natural gas and electricity supplier Engie SA (ENGQF.PK,ENGIY.PK) to become a partner to support its commitment to reach CO2 neutrality for scopes 1 and 2 by 2025.

Under this partnership, Engie, a world leader in low-carbon energy and services, will provide energy solutions to be deployed across more than 100 Faurecia sites worldwide by mid-2022.

As a new step on Faurecia's CO2 neutrality journey, Engie will accompany Faurecia through the deployment of energy saving equipment & methodology solutions in Europe, China, Brazil and Mexico, enabling 15% reduction of site energy consumption out of a reference of around 600 GWh.

In addition to this first milestone of CO2 neutrality in scopes 1 and 2 in 2025, Faurecia is also targeting to reduce by half its scope 3 emissions by 2030 and aims for full CO2 neutrality by 2050, including the use phase of its products. These targets are aligned with the 1.5°C ambition of the Science Based Target initiative.

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